Benefits Consulting

Helping You Shop for the Best Healthcare Options for Your Business

Cherry Bekaert Benefits Consulting LLC (“CBBC”) specializes in consultation, implementation and administrative services for your company’s group health and welfare plans to reflect the Affordable Care Act (“ACA”). As an independent, nationally recognized consulting firm with the knowledge to help your company understand the ACA, CBBC has the expertise to develop long-term “Business Smart” plans that optimize results and generate growth.

Our benefits consultants have experience with employee benefits and retirement plans, merger and acquisition due diligence, and compensation plans. With competencies in health and welfare employee benefits, compensation, retirement plan services and human resources management, CBBC provides a multi-disciplinary approach along with creative thinking to craft customized solutions that work to guide your company forward.

Group Health & Welfare

In recent years, group health and associated employee benefit plans have increasingly become an expensive, complex burden on an employer’s business. To help guide you through the confusion, our group plan analysts continually monitor and evaluate plan performance, stop-loss and administrative processes. Further, renewal studies and options are prepared well in advance, thus offering insight and opportunities to help meet and grow your human resources and cost objectives.

We help guide your company forward by:

  • navigating the impact of the Affordable Care Act (“ACA”);
  • minimizing plan costs;
  • reducing administrative burdens; and
  • enhancing employee satisfaction through responsive plan design and effective communication.

Advisory experience is available to support your needs in the following areas:

  • Medical & Dental
  • Disability, Life & Accident
  • Long-Term Care
  • Consumer-Driven Health Plans
  • Self-Insured & Stop Loss

Affordable Care Act Consulting

With the Affordable Care Act (“ACA”) in effect, Cherry Bekaert Benefits Consulting (“CBBC”) has the expertise to help your company navigate through this new and uncharted territory. Our consultants offer an in-depth, seasoned perspective, as well as cost-effective solutions to anticipate, administer, monitor and evaluate any legislative and legal challenges your company may face.

Retirement Plan Services

To help your company achieve superior results, mitigate liability and increase participant satisfaction, our professionals can help you design effective plans and render responsive administrative service that cultivate your services, optimize benefits, minimize costs and enhance employee relations. Our accredited Investment Fiduciaries provide guidance in the following retirement plans:

  • 401(k)
  • Profit Sharing
  • Cash Balance
  • Defined Benefit

Compensation & Human Resources

Compensation

Supporting financial goals with both your company objectives and shareholders’ economic interests becomes essential in recruiting, retaining and motivating outstanding leaders. Cherry Bekaert Benefits Consulting professionals have the experience, expertise and insight to deliver crafted compensation programs involving:

  • Total Rewards Systems
  • Long-Term Incentives (cash & stock)
  • Transaction Incentives
  • Surveys & Benchmarking
  • Governance, Disclosure & Compliance
  • Deferred Compensation

Human Resources

Is your human resources plan aligned with the company’s overall strategies and objectives? To take your human resources plan to the next level, our consultants consider your company’s values, culture and vision to support:

  • Staffing & Retention
  • Organization Development & Improvement
  • Communication Programs
  • Policies & Manuals

Executive Coaching

From the top to the bottom of an organization, a pep talk can benefit everyone. Our executive coaching consultants provide a safe, focused environment to help your top-level employees increase their effectiveness and the company’s bottom line results. Your executives will have the opportunity to:

  • Maximize leadership effectiveness and potential.
  • Fine tune decision making and communication skills.
  • Overcome challenges and pursue opportunities.
  • Build effective teams and inspire peak performance.

Private Client Services

Providing security and protecting wealth accumulation is a key concern for high-net worth individuals, senior executives and owners of closely held companies.  Our professionals advise clients in the areas of personal life insurance as well as disability and long term care insurance to efficiently transfer wealth and effectively plan for financial security.

Risk Management Consulting

Having an effective risk management and insurance program allows your company to focus its financial and human resources on accomplishing growth. Serving as your risk management and insurance liaison, our highly experienced certified insurance counselors and expert underwriters can identify risk, examine the adequacy of existing programs and develop customized solutions to help you reduce exposure, eliminate duplicate coverage and minimize premiums. Our advisors can assist you in the following areas:

  • Auto & Home
  • Aviation
  • Crime
  • Environmental
  • Errors & Omissions
  • Fine Art
  • Liability Coverage
  • Marine
  • Ocean Cargo
  • Property Insurance
  • Risk Reduction
  • Umbrella

M&A Due Diligence

Employee benefits, risk management and property/liability coverage continue to be costly and difficult for companies. With three decades of experience and backgrounds in law, tax, actuarial science, insurance, business and underwriting, our professionals present a qualified and coordinated team to advise your company on the employee benefits and risk management elements of mergers, acquisitions, turnarounds, sales and spin-offs. With specialized expertise, broad resources and an intense approach, you will be provided the intelligence, perspective and actionable advice that will guide your company to an advantageous position.

Benefits & Risk Management Due Diligence

  • Retirement Plans
  • Health & Welfare Programs
  • Risk Management
  • Property & Liability Insurance
  • Compliance & Actuarial
  • Executive & Deferred Compensation
  • Company-Sponsored Life Insurance